BSH may buy FagorMastercook

Household appliances production group BSH (Bosch und Siemens Hausgeräte) will acquire bankrupt FagorMastercook, Gazeta Wyborcza reported. The deal value is PLN 90 million. The offer submitted by BSH was approved on Monday by the creditors of FagorMastercook. BSH has vowed to invest PLN 120 million into the production plant and employ 500 people. There are now 900 employees at the bankrupt firm. According to the daily, the company’s bankruptcy administrator may still talk to two other bidders about the sale.